Portugal restored a tax break for food sold by restaurants from July 1, 2016, when the value-added tax rate applicable to food services fell to 13 percent, from 23 percent.Read Full Story
The Portuguese Government is under renewed pressure from hoteliers and restaurateurs to lower the value-added tax rate on the sector. Read Full Story
The European Commission has approved, under European Union state aid rules, Portugal's map for granting state aid between 2014 and 2020.Read Full Story
Following its third quarterly review of Portugal’s economic programme, the European Commission, the European Central Bank, and the International Monetary Fund underscored that while the programme is indeed on track, many challenges remain.Read Full Story
The 2009 Geneva agreement on European Union import tariffs for bananas from Latin American countries, which is designed to end the longest-running dispute in the history of international trade, has received the backing of the European Parliament.Read Full Story
Amongst its discoveries this year of various schemes devised by Italian companies and individuals to evade taxes, the Italian Revenue Agency has now disclosed another in the form of cross-border stock lending.Read Full Story
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